Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$492,7530.0% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$106,818About 1.3× the local median income ($84,897): a stretch for a typical household
Days on market79 daysAbout the same pace as a year ago
Next 12 months0.0%Zillow expects prices to stay about flat
The typical home in Oregon is worth $492,753, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $488,387, so the area is 0.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 9% from a year ago, 26% of listings have had a price cut. Zillow expects prices to fall about 0.0% over the next year. A household needs about $106,818 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,897. In the latest IRS figures, 5,779 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$492,753
Change in 1 year
0.0%
Overvalued %
+0.9%
Show 7 more
Fair home value
$488,387
Change in 5 years
+7.1%
Zillow forecast, next 12 months
0.0%
Home value to income
5.8×
Monthly mortgage payment (20% down)
$2,670
Income needed to afford it
$106,818
Property tax rate
0.81%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,691
Market activity
Listings vs a year ago
+8.8%
Days on market
79
Listings with a price cut
25.7%
Show 3 more
Homes for sale
18,124
Pending sales per 100 listings
27
Asking price per sq ft
$298
People and jobs
Median household income
$84,897
Population change (1 year)
+0.2%
Unemployment rate
5.4%
Show 4 more
Population
4,273,586
Income adjusted for cost of living
$82,105
Net moves in (IRS)
−5,779
Cost of living (US = 100)
103.4
Schools, risk and environment
FEMA hazard risk score (0 to 100)
89.8
Unhealthy air days a year
2
Flood risk score
88.1
Show 3 more
Wildfire risk score
70.6
Walkability (1 to 20)
11.6
Road, rail and air noise
53 dB
Questions people ask
Is Oregon overvalued?
Home prices in Oregon are slightly above what local incomes have historically supported: fair value is about $488,387, so the area is 0.9% overvalued.
Is Oregon a buyer's or seller's market?
Oregon is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 9% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Oregon?
Home values in Oregon are up 0.0% over the last year. Zillow's forecast for the next 12 months is 0.0%.
How much do you need to earn to buy a home in Oregon?
A household needs about $106,818 a year to afford the typical home in Oregon at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,897.